Viavi price target raised to $15 from $13 at Stifel

Stifel raised the firm’s price target on Viavi (VIAV) to $15 from $13 and keeps a Buy rating on the shares. In a three-day non-deal roadshow in Europe, Viavi management effectively highlighted the company’s efforts to diversify revenue away from traditional core Telco/Cable MSO service provider markets towards “speedboat” markets in the Data Center ecosystem and into the more diversified Aerospace and Defense end markets, the analyst tells investors.